Which of the Following Statements Is True

question 156

Multiple Choice

Which of the following statements is true?

• A) The active antitrust perspective believes that competitive market forces will automatically and actively reduce a firm's monopoly power in the long run.
• B) The active antitrust perspective believes that the government should play the role of officials and umpires and enforce the rules of the competitive game.
• C) The laissez-faire perspective views firms as players in a competitive game who will sometimes violate the rules in order to gain a huge advantage over others.
• D) The laissez-faire perspective believes that an active enforcement of antitrust policy is the only way to reduce the monopoly power of giant firms.

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Definitions:

Supportive Leader

Leadership style characterized by consideration, friendliness, and support for subordinates, fostering a positive work environment.

Hersey and Blanchard

Psychologists who developed the Situational Leadership Model, which suggests that the most effective leadership style varies depending on the maturity level of team members.

Situational Leadership Model

A leadership theory proposing that effective leadership varies according to, and must adapt to, the needs of the situation and the readiness of the team being led.

Delegating

The act of assigning responsibility and authority to another person to carry out specific activities, while the delegator retains overall responsibility for the outcome.